It also covers Certified Bookkeeper loans made to or received from others and any cash involved in mergers or acquisitions. They can also receive tax-deductible donations, encouraging more people to give. They need to be clear about where every dollar goes—whether it’s directly supporting their mission or covering operations costs.

What to include in a sample financial report for nonprofit organizations

Jitasa’s nonprofit accounting services are finely tuned to this environment, offering strategic bookkeeping and Fractional CFO insights that empower organizations to navigate the complexities of philanthropy in a tech-centric city. Our expertise ensures your financial management practices are as advanced and forward-looking as San Jose itself, enabling your mission to thrive in an area synonymous with change and progress. With Jitasa, leverage the tools and insights necessary to drive meaningful change, ensuring your nonprofit stands out in San Jose’s dynamic and competitive landscape. Given San Jose’s proximity to Silicon Valley, many nonprofit organizations in the area focus on technology-related causes or serve the tech-driven population. Nonprofit accountants must navigate the complexities of tech-related donations, in-kind contributions, and corporate sponsorships, often working with substantial budgets and complex financial structures. This ensures that San Jose’s nonprofit sector continues to thrive and support the local community effectively.

Interested in our fractional CFO or tax services?

• Jitasa’s nonprofit accounting services are finely tuned to this environment, offering strategic bookkeeping and Fractional CFO insights that empower organizations to navigate the complexities of philanthropy in a tech-centric city.
• These accountants handle tasks such as managing donations, grants, and restricted funds while ensuring accurate financial reporting.
• Our accountants are fully prepared to take on the most difficult audit preparations, account reconciliations, system reviews, and more.
• A good nonprofit financial statement provides the right visibility into your performance so you can make informed stewardship decisions and maintain donor trust and confidence.
• This part of your financial report should celebrate the top fundraising efforts and praise your major donors.
• “We aim to empower organizations to make well-informed decisions, strengthen their relationships with donors and boards, and improve funding opportunities. We’re excited to bring our tailored services to San Jose’s nonprofit community.”

Your board members need to keep an eye on your nonprofit’s finances, but they don’t have to become finance pros to do this. According to a recent Independent Sector study, nonprofits are still among the most trusted institutions in America, with 57% of people saying they have “high trust” in them. See examples of how Harmon’s CPA services have helped nonprofits, and browse CPA resources, articles, and other information relevant to not-for-profits. FASS offers a suite of services including general ledger, accounts payable, accounts receivable, payroll, grant billing, consulting, petty cash and more.

resources ›

The ultimate guide to selecting the best accounting and financial management software for your nonprofit. Daily Balance invites Executive Directors and CEOs to bookkeeping san jose book a consultation to discuss their unique accounting needs and receive actionable guidance for improved financial management. Our accountants are fully prepared to take on the most difficult audit preparations, account reconciliations, system reviews, and more. Plus, Jitasa works exclusively with nonprofits, so our strategies are tailored to your needs. By outsourcing your accounting department to Daily Balance, you can save up to 40% on your accounting costs, while getting better expertise, service, and value. Adherence to GAAP is critical for producing standardized and credible financial reports.

We’ll replace your nonprofit accounting department

They might also have to handle some of the same taxes as for-profits, as payroll taxes, and local tax rules can vary. However, Nonprofits must still follow special rules to keep these perks, like aligning their activities with their charitable purpose. You can show donors how you’ve used past donations, what you’ve achieved, and how you plan to use new funds. By hosting virtual events, you’re able to cut down on expensive venues and catering while still bringing in funds.

Harmon Burstyn, CPA

• See examples of how Harmon’s CPA services have helped nonprofits, and browse CPA resources, articles, and other information relevant to not-for-profits.
• This ensures that San Jose’s nonprofit sector continues to thrive and support the local community effectively.
• Our definitive article is here to guide nonprofit owners and their finance teams, providing clear, detailed insights that help you manage and report your organization’s finances with confidence.
• When in doubt, please consult your lawyer tax, or compliance professional for counsel.
• In addition to its tech focus, San Jose is a family-friendly city with a vibrant cultural scene, featuring museums, parks, and diverse cuisine that celebrates its multicultural population.
• When you leave a comment on this article, please note that if approved, it will be publicly available and visible at the bottom of the article on this blog.

So, share how donations have helped with specific projects or services. Apart from insightful data, this section is all about telling real-life impact stories that happen thanks to your funding. It’s like a financial check-up to make sure you’re using your funds wisely. These are the costs that aren’t directly tied to your core mission but still part of your overall spending.

When attending in-person isn’t possible, donors and supporters may appreciate a virtual event. They allow donors, grantors, board members, and the public to see that funds are managed responsibly. San Jose, located in the heart of California’s Silicon Valley, is the third-largest city in the state with a population of over 1 million people. Known for its booming tech industry, San Jose is home to many major tech companies and startups, making it one of the wealthiest and most innovative cities in the U.S. The city’s economy is driven by technology, and it attracts a highly educated workforce from all over the world. Despite its high cost of living, San Jose continues to grow due to its strong job market and proximity to San Francisco.